What is CENTRAL LABORERS ANNUITY PLAN's employer match?

In 2023, CENTRAL LABORERS ANNUITY PLAN reported $35,778,044 in employer contributions. That is about 47,843.1% of reported employee contributions.

How many participants are in CENTRAL LABORERS ANNUITY PLAN?

At the end of 2023, CENTRAL LABORERS ANNUITY PLAN reported 20,270 plan participants.

What are CENTRAL LABORERS ANNUITY PLAN's total assets?

At the end of 2023, CENTRAL LABORERS ANNUITY PLAN reported total plan assets of $265,035,910.

When was CENTRAL LABORERS ANNUITY PLAN established?

CENTRAL LABORERS ANNUITY PLAN was established in 1981.

What are the investment options in CENTRAL LABORERS ANNUITY PLAN?

MyPlanIQ tracks the investment lineup for CENTRAL LABORERS ANNUITY PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/central-laborers-annuity-plan/

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CENTRAL LABORERS ANNUITY PLAN

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Contribution & Savings

CENTRAL LABORERS ANNUITY PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CENTRAL LABORERS ANNUITY PLAN is $13,075.00

CENTRAL LABORERS ANNUITY PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CENTRAL LABORERS ANNUITY PLAN is $7.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
472.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7.00 in CENTRAL LABORERS ANNUITY PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

	Pretax and roth employee contributions	Employee and employer contributions combined	Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023	$22,500	$66,000	$7,500
401(k) contribution limit for 2024	$23,000	$69,000	$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Keep researching CENTRAL LABORERS ANNUITY PLAN

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